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REGARDING EXMPTION U/S 54

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(Querist)
21 May 2009 AS PER SEC 54 WHETHER WE SHALL HAVE TO DEPOSIT THE AMOUNT OF CAPITAL GAIN OR THE AMOUNT OF NET CONSIDERATION IN THE CAPITAL GAIN DEPOSIT SCHEME FOR CLAIMING THE EXEMPTION?PLEASES NOTE THAT THE ASSESSEE WANTS TO SELL ONE RESIDENTIAL HOUSE AND TO BUY NEW RESIDENTIAL HOUSE OR THE BOND OF R.E.C. OR N.H.A.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
21 May 2009 Capital gain only to be reinvested.

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